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Nate Paul ordered to home confinement, $1M fine

  • Nate Paul, a Texas real estate developer, was sentenced for financial crimes in Austin.
  • Paul's sentencing stemmed from investigations into false statements to secure loans.
  • Prosecutors said Paul overstated assets to banks to obtain over $170 million in loans.
  • Paul pleaded guilty to one count, receiving a $1 million fine and supervised release.
  • Paul's dealings with Ken Paxton led to an impeachment trial, though Paxton was acquitted.
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Texas developer at center of Paxton's impeachment sentenced to supervised release, $1 million fine

AUSTIN, Texas (AP) — A real estate developer, whose relationship with Texas Attorney General Ken Paxton was at the center of the Republican’s historic impeachment trial in 2023 and a recently-ended federal corruption investigation, was sentenced Wednesday to five years’ supervised release and fined $1 million for lying to a financial institution. Nate Paul, 38, was also ordered by U.S. District Judge David Ezra to serve four months’ home confine…

·Albuquerque, United States
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KXAN broke the news in Austin, United States on Wednesday, April 16, 2025.
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